When it comes to choosing a project to invest in, our overseas friends generally rely on our assistance. Because of this, I looked into some promising housing societies that can offer short-term gains. So, if you’re planning to visit the country in the near future (or are currently here), do give these options a thought.
In Defence Housing Authority (DHA) Lahore, not all the phases are in a position to offer returns as property rates in many phases have almost reached their peak. This leaves us with just a couple of phases – namely Phase VIII and Prism XI – where investors can confidently expect good returns within a year or less.
Development work is systematically underway in different sectors of Phase VIII. The prevalent belief is that property possession in some of these blocks will be offered in the foreseeable future.
Depending on their respective locations, the blocks that are close to Lahore Ring Road – Blocks V, Y and X – are expected to see development sooner than the others. According to our sources, Block S, which is located on Barki Road, also holds potential to offer good returns in the short term. Returns offered on investment in Phase VIII may be even more impressive in the medium term.
In terms of DHA’s development priority, Ivy Green (Block Z) is also deemed as an important sector and serious infrastructural work is expected to begin there soon, which makes it a good place to invest in 2016.
For those who want to invest a comparatively smaller amount and make proportionately higher profits, Prism IX is the best option in Lahore. A strong rumour that has been making rounds is that development work in Prism IX is expected to begin by the end of this month or by the beginning of February.
Keeping in mind that this is one of the largest phases of DHA and there’s still some time before development work reaches advanced stages, the present activity surprised us all. Prism IX is currently the most active DHA phase, which also explains why prices have been consistently on the rise. Based on the knowledge I have acquired from the market, the current price hike will hold for the first half of the year and then get ready for another ascent.
Ground breaking in Prism IX, which many believe will be done shortly, is destined to bring along a major rise in property rates. So those looking to make big short-term gains must act fast.
Please note that for short-term investment, the positive effects of ground breaking will be seen in sectors that lie closer to Prism IX’s main entrances near DHA IX Town and Askari IX. These sectors include Blocks A, B, C, Q and R. Therefore, these are the blocks where you can buy land today and expect a decent price rise in the short term.
Among the existing Bahria Town projects in Lahore, Bahria Orchard seems promising. The developer has recently launched new bookings in Bahria Orchard Phase II and Phase III. Moreover, Bahria Town’s main office is also due to shift there, which means that all the agents registered with Bahria will choose to move their offices to this locality.
Bahria has been very passionate about this project for a while now and has actively been acquiring large chunks of land in the vicinity. Many believe a lot of this land hasn’t been declared by the developer yet. Bahria Orchard is conveniently located on Raiwind Road and a phase of it now lies adjacent to Chinar Bagh. The completion of Raiwind Road will benefit this locality greatly.
Folks keeping an eye on Bahria Town’s undertakings on Raiwind Road believe that the developer might adjust affectees of Sector F somewhere near Bahria Orchard. Moreover, the location of Bahria Greens and its development plan may be revealed soon.
To make a sound investment in Bahria Orchard, you should pick the plots that are available on ground and ready for possession.